Housing Societies

Housing Cooperatives are intended to provide better and cheaper houses especially to the low and middle income groups who, otherwise, cannot afford to own houses through individual efforts. These cooperatives are also supposed to assure their members substantial savings in housing cost through group actions. The Housing Cooperatives have a great potential in meeting the housing needs of the growing population and in generating economic activity in the country. They are functioning on the cooperatives principles of self-help, self-finance, mutual aid and self-governance.

Revenue Generation

Government revenue is generated through:

  • Capital Value Tax (CVT) (2%)
  • Stamp Duty (2%)
  • Property Tax

More than PKR 1 Billion per annum from Cooperative Housing Societies e.g. PECHS (Valencia / Izmir) paid Rs. 90 Million app. in 2010 - 2011.

Cooperative Housing Societies in Punjab

  • Functional
187
  • Non Functional
32
  • Under Liquidation
17
  • Total
236

Prominent Cooperative Housing Societies

Lahore

  • The Cooperative Model Town Society
  • The Pakistan Expatriates Cooperative Housing Society (Valencia & Izmir)
  • WAPDA Employees Cooperative Housing Society
  • Punjab Government Employees Cooperative Housing Society
  • The Engineers Cooperative Housing Society (TECH)
  • NFC Employees Cooperative Housing Society
  • NFC Cooperative Housing Society
  • PCSIR Employees Cooperative Housing Society
  • Sui Northern Officers Cooperative Housing Society
  • NESPAK Employees Cooperative Housing Society
  • State Life Insurance Employees Cooperative Housing Society
  • The Pakistan Technocrats Cooperative Housing Society
  • P S I C Employees Cooperative Housing Society
  • The Greater Lahore Cooperative Housing Society
  • NBP Officers Cooperative Housing Society
  • PCSIR Staff Cooperatives Housing Society
  • Professinoal Cooperative Housing Society
  • Gulistan E Sir Syed Cooperative Housing Society

Rawalpindi

  • Airport Employees Cooperative Housing Society
  • Abad Cooperative Housing Society
  • PWD Cooperative Housing Society
  • Health Employees Cooperative Housing Society
  • POF Employees Cooperative Housing Society
  • Murree Hills Cooperative Housing Society
  • PIA Officers Cooperative Housing Society

Bahawalpur

  • Government Employees Cooperative Housing Society
  • Abbasia Cooperative Housing Society
  • Islamia University Employees Cooperative Housing Society

Faisalabad

  • Telecom Engineering Cooperative Housing Society
  • FSD Employees Cooperative Housing Society
  • Government Employees Cooperative Housing Society

Multan

  • MDA Officers Cooperative Housing Society
  • WAPDA Employees Cooperative Housing Society
  • Small Industries Cooperative Housing Society
  • Agrics Cooperative Housing Society

Gujranwala

  • WAPDA Employees Cooperative Housing Society
  • Irrigation Employees Cooperative Housing Society
  • Provincial Employees Cooperative Housing Society

Comparative Table Lahore District

Description

Plots

Percentage

  • Cooperative Housing Societies

106809

29.5

  • Lahore Development Authority (LDA)

103000

28.5

  • Housing and Urban Development Department

4705

1.3

  • Private Housing Schemes

138503

38.3

  • Lahore Improvement Trust (LIT)

8425

2.4

  • Total

361442

100%